Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

HP Q1 Profit Down; Backs FY12 Profit View - Quick Facts

Hewlett-Packard Co. (HPQ: Quote) reported that its first-quarter net earnings declined to $1.468 billion or $0.73 per share, from $2.605 billion or $1.17 per share in the same quarter last year.

Non-GAAP net earnings decreased to $1.832 billion or $0.92 per share, from $3.030 billion or $1.36 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.87 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues for the quarter declined to $30.04 billion from $32.30 billion in the prior year quarter. Twenty eight analysts had consensus revenue estimate of $30.71 billion for the quarter.

For the second quarter of fiscal 2012, the company estimates non-GAAP earnings per share to be in the range of $0.88 to $0.91 and GAAP earnings per share to be in the range of $0.68 to $0.71. Analysts expect the company to report earnings of $0.95 per share for the second-quarter.

The company still expects full year fiscal 2012 non-GAAP earnings per share of at least $4.00 and GAAP earnings per share of approximately $3.20. Analysts expect the company to report earnings of $4.08 per share for fiscal 2012.

Click here to receive FREE breaking news email alerts for Hewlett-Packard Company and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
With trading resuming following the long, holiday weekend, stocks showed a lack of direction throughout the trading session on Tuesday before ending the day mixed. The markets largely held on to the bulk of their recent gains. The Islamic State (IS), a Sunni extremist group previously known as Islamic State of Iraq and the Levant (ISIL), has released a video purporting to show the beheading of US journalist Steven Sotloff, media reports said Tuesday. According to reports, the video also showed a masked man threatening to execute a British man named David Haines. He also warned governments to stay away "this evil allian Less than a month after resigning from Congress, former House Majority Leader Eric Cantor, R-Virg., has made the move from Washington to Wall Street by joining boutique investment bank Moelis & Co. A statement from Moelis said Cantor will serve as Vice Chairman and Managing Director and also be elected to the company's Board of Directors.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.